The financial statements of Goren News, Inc, include the following ltems: (Click the ioon to view the financiak statements.) Read the reguirements. Requirement 1. Calculate the following ratios for 2021 and 2020 . When calculating days, found your answer to the nearest whole number. a. Current ratio. Seiect the formula and then enter the amounts to calculate the current rasio. (Round the ratios to two docimal places. X. XX.) b. Quick (acid-test) ratio. Select the formula and then enter the amounts to calculate the acid-test ratio. (Abbreviations used: Avg = average, ST = short-term, and Cash* = cast and cash equivalents, Round the ratios to two decimal places, XX.) The find \#7. (C) Read ti Balance sheet: 2021 2019 Cash $22,000$28.000 Short-term investments 9,000 33,000 Net recelvables 46,000 69,000 20.000 Inventory 87,000 69,000 61.000 Prepaid expenses 12,000 9,000 Total current assets 176,000 208,000 Accounts payable 35,000 65.000 25,000 2021 135,000 94,000 2020 Total current liabiilies Income statement: b. Quic Net credit sales 5 500,0005504,000 BT = short-tarm, and Cash carsh and casah 1. Calculate the following ratios for 2021 and 2020 . When calculating days, round your answer to the nearest wholo number. a. Current ratio b. Quick (acid-test) ratio c. Inventory turnover and days' inventory outstanding (DiO) d. Accounts recelvable turnover e. Days' sales in average rocelvables or days' sales outstanding (DSO) 1. Accounts payable turnover and days' payable outstanding (DPO). Use cost of goods sold in the formula for accounts payable turnover. 9. Cash conversion cycle (in days) (When calculating days, round your answer to the nearest whole number.) 2. Evaluate the company's liquidity and current debt-paying ability for 2021. Has it improved or deteriorated from 2020? 3. As a manager of this company, what would you try to improve next year? The financial statements of Goren News, Inc. include the following items: (Cick the icon 10 view the financial statements.) Read the rasirements Requirement 1. Calculate the following ratios for 2021 and 2020 . When calculating days, round your answer to the nearest whole number. 3. Current ratio. Select the formula and then enter the amounts to calculate the ourrent ratio. (Round the ratios to two decimal placos, XX.) b. Quick (acid-test) ratio: Select the formula and then enter the amounts to calculate the acid-test ratio. (Abbreviations used: Avg = average, ST = short-1erm, and Curs" = cash and cash equivalents. Round the ratios to two decimal places, XX.) The financial statements of Goren News, Inc., include the following ltems: (Click the icon to view the financial statements.) Read the reguirements. c. Inventery turnover and days' inventory outstanding (DiO). Begin by selecting the formula and then enter the amounts to calculate inventory tumover. (Round the ratios to two decimat places, X. XX.) The financial statements of Goren News, Inc, include the following items: (Click the icon to view the financial statements.) Read the requirements. 2024 c. Inventory tumover and days' inventory outstanding (DiO). Begin by selecting the formula and then enter the ameunts to calculate inventory turnover. (Round the ratos to fwo decimat places. XX.) Now, select the formula and then enter the amounts to caloulate days' inventory outstanding (DIO). (Enter formula ratios to fwo decimal places, X. XxC. and ise a 365-Eiyy year. Round your final answers to the nearest whole number, X.) The financial statements of Goren News, Inc, include the following items: (Click the icon to view the financial statements.) Read the fequirements. Now, select the fomula and then enter the amounts to calculate days' inventory outstanding (DIO). (Enter formula ratios to fwo decimal places, X. X, and use a 36S-day year. Round your final answers to the nearest whole number, Xi ) The financial statements of Goren News, Inc., include the following items: (Click the icon to view the financial statements.) Read the regulirements d. Accounts rocelvable tumover. Select the formula and then enter the amounts to calculate acoounts receivable tumover. (Round the ratios to wo docimal places, X. x..) c. Days' sales in average receivables or days' sales outstanding (DSO). Select the formula and then enter the ameunts to calculate days' sales in average recolvables or days' sales outstanding (DSO). (Entac formula ratios to theo decimal places, X.XX, and use a 365 -day year. Round your final answers to the nearest whole numbec, X.) The financial statements of Goren News, Inc., include the following llems: (Cick the icon to view the financial statements.) Read the regulements. e. Days' sales in average receivables or days' sales outstanding (DSO). Select the formula and then enter the amounts to calculate days' sales in average receivables or days' sales outstanding (DSO). (Enter formula ratios to two decimal places, XX, and use a 365 -day year. Round your final answers to the nearest whole number, X.) 1. Accounts payable tumover and days' payable outstanding (DPO). Use cost of goods sold in the formula for accounts payable fumover. Begin by selecting the formula and then enter the amounts to calculate accounts payable tumover. (Round the fatios to two decimal places, X X X. ) The fnanciai statements of Goren News, Inc., include the following items: (Click the icon to view the financial statements:) Read the reavirements f. Acooun's payable turnover and days' payable outstanding (DPO). Use cost of goods sold in the formula for accounts payable turnover. Begin by selecting the formula and then enter the amounts to calculate accounts payable turnover. (Round the rafios to fwo decimai placies, X, x.) The financial statements of Goren Nows, Inc., include the following items: (Click the ioon to view the financiat statements.) Read the reguirements. Now, select the formula and then enter the amounts to calculate days' payable outstanding (DPO). (Enter formula ratios to two docimal piacos, X..XC, and use a J85-diry year, Round your final answors to the nearest whole number, X.) 9. Cash conversion cycle (in days). (Enter formula ratios and final answers to the nearest whole number, X. Abbreviations used: Avg = average and ST = short-tarmt.) The financial statements of Goren News, Ine., include the following items: (Cick the icon to view the financial statements.) Read the reauiments Requirement 2. Evaluate the company's liquidty and curtent debt-paying ablity for 2021. Has it improvod or deteriorated from 2020? The financial statements of Goren News, Ino, include the following items: (Click the icon to view the financial statements.) Read the requiremonts. Requirement 3. As a mariager of this company, what would you try to improve next year? The factors that need the most improvement are and The company needs to make sales and keep inventory on hand, as well as The financial statements of Goren News, Inc., include the following inems: (Click the icon to view the financial statements.) Read the reguirements. mpany neods to make sales and kaep The financial statements of Goren News, Inc., include the following items: I7. (Click the icon to view the fiancial statements.) Read the recuirements Requirement 3. As a manager of this company, what would you try to improve The factors that need the most improvement are and The company needs to make sales and keeg inventary on hand, as well as The financial statements of Goren News, Inc., include the following itens: (Click the icon to view the financial statements.) Read the reguirements. Requirement 3. As a manager of this company, what would you try to improve next year? The factors that neod the most improvement are and The company needs to make sates and keop inventory on hand, as well as The financial statements of Goren News, Inc., include the following items: (Click the icon to view the financial statements.) Read the reavirements. Requirement 3. As a manager of this comqany, what would you try to improve next year? The factors that need the most improvement are and . The company needs to make sales and keep inventory on hand, as well as The financial statements of Goren News, Inc., include the following items: III (Click the icon to view the financial statements.) Read the requimements
